pg_0001

WaldenPacific Property Trust is thrilled to present the Grand Reserve at Kirkman Parke, located in the heart of Orlando, Florida. You’re sure to see

the tremendous value in our incentive packages that provide large wholesale discounts and up to five years of absolutely effortless ownership for

We look forward to working with you as we continue to deliver America’s premiere properties at exceptional pricing. WaldenPacific Property

Trust. Unsurpassed value and unsurpassed customer service for you and your clients.

1. Buyer needs only $5,000 deposit due upon signing of contract if buyer closes within 30 days and a 5% desposit if buyer closes thereafter.

2. Van Gogh floor plan includes a garage; office in floor plans F1B and F1C only.

Net insider base price is the public base price minus the 15% discount which is only offered with insider package “C.”

Disclaimer: All prices and incentives are subject to change without notice. Monthly rental income does not include the $100 monthly deduction for Property Management. This written communication is for marketing purposes

only. Please consult the on-site sales professionals for the official floor plans submitted to the state of Florida with the condominium documents. All incentives offered to prospective buyers are subject to the buyer closing

with a WaldenPacific preferred mortgage lender and title company – no exceptions!

No mortgage payments for up to four full years!

P R E F E R R E D I N S I D E R P R I C I N G

All incentives contained herein are subject to the buyer closing with WaldenPacific Property Trust preferred mortgage lender and title company – no exceptions. Prices and incentives are subject to change without notice.

How can WaldenPacific offer such beautiful properties with wholesale discounts,

rental assurance programs and more. The answer is simple – buy and sell in bulk.

Bulk Purchase – WaldenPacific negotiates very aggressive bulk purchase deals with

real estate developers and directly from banks. Bulk acquisitions, no matter what the

commodity, always result in unbelievably low prices.

Wholesale Discounts – WaldenPacific does not market or advertise. A real estate

developer typically sets aside a minimum of 10% of the gross property sales for mar-

keting, which can be millions of dollars. The developer sets aside another five to seven

percent for anticipated carrying costs such as interest, salaries, utilities, maintenance,

real estate taxes and negative cash flow due to vacancies that could be incurred by the

developer over a typical two to three year sell out of the property.

As a direct result of WaldenPacific’s minimized marketing expenses and ability to sell

out the property in as little as three to six months, the savings to the buyer is substan-

tial – as much as 15% with a 5 year assured rental income program.

Exit strategies and solutions – WaldenPacific offers real estate developers a rapid exit

strategy; enabling the developer to exit the property in months instead of years. As a

result, the developer’s savings are significant resulting in our preferred insider buyers

receiving highly favorable pricing and wholesale discounts.

Most people have no idea how much excess is built into the real estate industry with

all of the cash reserves that must be set aside to cover anticipated expenses. Buying

through WaldenPacific, you benefit from bulk discounts normally not made available

ALL OF THE ABOVE INCENTIVES WILL BE FULLY DISCLOSED TO THE BUYER’S LENDER AND ARE SUBJECT TO THE BUYER’S LENDER WRITTEN APPROVAL. ALL WALDENPACIFIC PROPERTY TRUST™ PREFERRED

mORTGAGE LENDERS HAVE APPROVED ALL OF THE ABOVE INCENTIVES OFFERED TO THE BUYER’S FOR THE GRAND RESERVE AT KIRKmAN PARKE CONDOmINIUmS. TO RECEIVE THE ABOVE INCENTIVES THE BUYER

mUST CLOSE WITH A TRUST PREFERRED mORTGAGE LENDER AND TITLE COmPANY – ABSOLUTELY NO EXCEPTIONS. * WALDENPACIFIC USES BANK OF AmERICA

TERS OF CREDIT. THERE IS NO AFFILIATION BETWEEN WALDENPACIFIC PROPERTY TRUST AND BANK OF AmERICA

. IT WILL BE THE RESPONSIBILITY OF WALDENPACIFIC PROPERTY TRUST,

, TO PROCURE THE STANDBY LETTER OF CREDIT, WHICH WILL BE ISSUED TO THE BUYER. REqUEST “INCENTIVES TERmS AND CONDITIONS PACKAGE” FOR COmPLETE

DETAILS. IF THE UNIT IS VACANT OR IF THE TENANT IS DELINqUENT, THE BUYER’S mORTGAGE PAYmENT WILL STILL BE PAID mONTHLY, UP TO NINE mONTHS, WITHIN THE FOUR YEAR PERIOD. INCENTIVES ARE FULLY

WaldenPacific will pay the buyer’s monthly mortgage payment on the 1

the buyer for a period of 4 full years. Maximum liability in the event of vacancies or delinquencies

The monthly mortgage payment is based on a 90% LTV, 6.5% interest only mortgage. This incentive will

WaldenPacific will pay the buyer’s monthly mortgage payment on the 1st of the month, directly to

the buyer for a period of 4 full years. Maximum liability in the event of vacancies or delinquencies

period – that is more than 5 times the property average tenant delinquency ratio.

Buyer will only receive the monthly mortage payment; all tenant rental income will be assigned to

Based on a maximum of 1.5% per year (total 6%) or up to

the buyer within 7 to 14 days after funding. This may also be used by the buyer as a credit towards

closing cost. (This incentive will be fully disclosed to the lender)

paid directly to the buyer within 7 to 14 days after funding. (This incentive

The buyer will have absolutely zero hassles from tenants; everything will be taken care of for

Two (2) years of the buyer’s mortgage payments will be paid

upfront directly to the buyer or the mortgage company; 7 to 14 days after funding.

mortgage payment is based on a 90% LTV, 6.5% interest only mortgage. (This incentive will be fully disclosed to the lender).

The payment of the buyer’s annual property taxes are

, which will be procured by WaldenPacific Property Trust, and issued

Based on a maximum of 1.5% per year (total 3%) or up to

, which will be procured by WaldenPacific Property Trust, and issued directly to the

WaldenPacific Property Trust will actually enter into a lease with the buyer, thus eliminating the

need for the buyer to deal with tenants. We wil l become your only tenant.

As additional security and peace of mind to the buyer, WaldenPacific wil l place an amount equal to

, with the buyer as the sole beneficiary.* Nine months is more

than five times the current tenant delinquency ratio.

The buyer will have absolutely zero hassles from tenants; everything will be taken care of for them.

ALL OF THE ABOVE INCENTIVES WILL BE FULLY DISCLOSED TO THE BUYER’S

LENDER AND ARE SUBJECT TO THE BUYER’S LENDER WRITTEN APPROVAL. ALL

WALDENPACIFIC PROPERTY TRUST™ PREFERRED mORTGAGE LENDERS HAVE

APPROVED ALL OF THE ABOVE INCENTIVES OFFERED TO THE BUYER’S FOR THE

GRAND RESERVE AT KIRKmAN PARKE CONDOmINIUmS. TO RECEIVE THE ABOVE

INCENTIVES THE BUYER mUST CLOSE WITH A TRUST PREFERRED mORTGAGE

LENDER AND TITLE COmPANY – ABSOLUTELY NO EXCEPTIONS. * WALDENPACIF-

TERS OF CREDIT. THERE IS NO AFFILIATION BETWEEN WALDENPACIFIC PROPERTY

SIBILITY OF WALDENPACIFIC PROPERTY TRUST, NOT BANK OF AmERICA

, TO PROCURE THE STANDBY LETTER OF CREDIT, WHICH WILL BE

ISSUED TO THE BUYER. REqUEST “INCENTIVES TERmS AND CONDITIONS PACK-

AGE” FOR COmPLETE DETAILS. INCENTIVES ARE FULLY TRANSFERABLE – $3,000

wholesale discount and worry-free rental income

ALL OF THE ABOVE INCENTIVES WILL BE FULLY DISCLOSED TO THE BUYER’S LENDER AND ARE SUB-

JECT TO THE BUYER’S LENDER WRITTEN APPROVAL. ALL WALDENPACIFIC PROPERTY TRUST™ PREFERRED

mORTGAGE LENDERS HAVE APPROVED ALL OF THE ABOVE INCENTIVES OFFERED TO THE BUYER’S FOR THE

GRAND RESERVE AT KIRKmAN PARKE CONDOmINIUmS. TO RECEIVE THE ABOVE INCENTIVES THE BUYER mUST

CLOSE WITH A TRUST PREFERRED mORTGAGE LENDER AND TITLE COmPANY – ABSOLUTELY NO EXCEPTIONS.

THERE IS NO AFFILIATION BETWEEN WALDENPACIFIC PROPERTY TRUST AND BANK OF AmERICA

. IT WILL BE THE RESPONSIBILITY OF WALDENPACIFIC PROPERTY TRUST, NOT BANK OF AmERICA

, TO PROCURE THE STANDBY LETTER OF CREDIT, WHICH WILL BE ISSUED TO THE BUYER.

REqUEST “INCENTIVES TERmS AND CONDITIONS PACKAGE” FOR COmPLETE DETAILS. INCENTIVES ARE FULLY

of the discount as a credit towards their closing cost when allowed by the lender.

(This incentive will be fully disclosed to the lender)

WaldenPacific Property Trust will actually enter into a lease with the buyer, thus

eliminating the need for the buyer to deal with tenants. We will become your only

As additional security and peace of mind to the buyer, WaldenPacific will place an

amount equal to nine months rent payment in a

as the sole beneficiary.* Nine months is more than five times the current tenant

The buyer will have absolutely zero hassles from tenants; everything will be taken

~ Metro Orlando Economic Development Commission

Orlando International Airport - New Air Service May, 2006

Air Canada Increases service to Halifax, Nova Scotia

For discriminating shoppers in search of fashion and luxury items in the world’s theme-park capital, the

ultimate shopping experience awaits them at The Mall at Millenia. The world-class shopping destina-

tion offers a dazzling selection of international stores including Cartier, Gucci, Chanel, Burberry, Zara,

Lacoste, Oilily and L’Occitane, combined with the most in-demand U.S. retailers, such as Apple, Tommy

Bahama’s, Betsey Johnson, Cole Haan, Coach, and Lucky Brand Blue Jeans. More than 80 of the featured

stores are unduplicated in the market. Central Florida’s only Neiman Marcus and Bloomingdale’s anchor

“Orlando and Orange County are wonderfully positioned in the global economy. You are one of the world’s greatest travel

destinations. You have such a young population. You have economic diversity, including all the high tech start-ups. You

have a great climate. In short, the Orlando area is extremely well-positioned for this new millennium.”

“In deciding to locate our headquarters and service center in Metro Orlando, we found that the region can easily support

corporate and manufacturing operations not only through solid infrastructure and transportation systems, but through a

workforce that is young, literate and eager to hold a good job.”

— Hector Ponce, EVP, Mitsubishi Power Systems, Inc

“Orlando is a natural fit for our needs; among other things, it has great weather, things for our students to do while they’re

here in training, a cooperative business climate, and land.”

— Mike Barger, chief learning officer, JetBlue Airways

”Metro Orlando provides a strong center of support for research and advances in the fields of bio-technology and life sci-

ences at all levels, from academic to corporate. Some of the world’s most leading-edge work is being conducted here in our

research centers by an interdisciplinary community of academics, post-graduates and undergraduates to revolutionize

medicine and greatly improve the human condition.”

— Dr. Pappachan E. Kolattukudy, professor and director,

BUSINESS LEADERS AND EMPLOYEES LIvING IN METRO ORLAND O NOT ONLY BRING HOME MORE

OF THEIR PAYCHECK THANKS TO THE AFFORDABLE COST OF LIvING AND NO STATE INCOME TAx,

BUT ALSO HAvE ACCESS TO ALMOST EvERY CONCEIvABLE LIFESTYLE OPTION. WITH 50,000 NEW

RESIDENTS MOvING TO THE REGION EACH AND EvERY YEAR, THE SECRET IS OUT THAT THIS

REGION IS NOT ONLY A GREAT PLACE TO DO BUSINESS BUT ALSO A GREAT PLACE TO LIvE.

665-842 $230,800 $290,600 $260,700 10/2005 $0.31 sq ft

712-742 $145,900 $194,900 $170,400 01/06 $0.21 sq ft

661-949 $263,900 $287,900 $244,250 09/2005 $0.24 sq ft

Request “Incentives Terms and Conditions Package” for complete details.

The Absolutely Effortless Ownership™ Program is ideal for second home buyers,

investors, foreign nationals, absentee owners and all other buyers concerned with the

stress of managing property such as vacancies, rent collection/delinquencies and ten-

The buyer’s monthly rental income is paid regardless of whether or not their

condominium is rented or vacant* or whether the tenant is current

Remember, although buyers have the luxury of receiving the monthly rental

payment via electronic deposit on an automated schedule for up to a five year

term of the Absolutely Effortless Ownership™ Program, the buyer is still responsible

for the costs of ownership such as repairs, maintenance and the cost of making

the unit ready for a new tenant. As these costs are incurred, the owner is notified

and the costs are deducted from the monthly lease payment.

Remember, without exception, Absolutely Effortless Ownership™ Program

will deposit the monthly rental payment directly into the buyer’s bank account

automatically, via electronic direct deposit; for a period of 5 years from the time

of closing. REGARDLESS IF THE CONDO UNIT IS RENTED OR VACANT, OR IF

THE TENANT IS CURRENT OR DELINQUENT.* That’s assurance!

WaldenPacific will place an amount equal to nine months rent payment in a Standby Letter of Credit

(Certificate of Deposit) GUARANTEED and secured by Bank of America® and/or Wachovia Bank® w ith the

* Nine months is more than five times the current tenant delinquency ratio.

Offered exclusively to our Preferred Insiders – 5 years of professional property

management for only $100 per month. The WaldenPacific professional property

manager will handle everything for you including tenant communications, coor-

dination of maintenance and repairs. In addition, our experienced professionals

understand your investment and protect your on property assets at every turn. It’s

yet another WaldenPacific difference that makes us the name to trust. Effortless

ownership, it’s a WaldenPacific trade mark.

Buyer is responsible for all the day to day actual costs and expenses related to, including

but not limited to, repairs, vacant unit turnkey and preventative maintenance. Costs

incurred will be deducted from the monthly rental payments.

Absolutely Effortless Ownership™ Program and Property Management incentives

require a one time setup fee total of $200 that is deducted from the first month’s

EquiLease distribution (after closing). $100 will be automatically deducted from the

buyer’s monthly lease payment for property management services. Property manage-

ment is a mandatory service, required in conjunction with the Absolutely Effortless

• NO interviewing numerous prospective tenants

Every buyer has direct access to hands-on attention from the Personal

Concierge who coordinates all the details of property ownership with

meticulous detail for four full years. The Concierge is available to answer

questions about ownership, WaldenPacific incentive programs and assist

owners with the details of property ownership. Do you need a copy of the

HOA insurance policy. Do you need a copy of a purchase document or

property repair receipt for your tax return. Are you ready to receive your

EquiLeaseback payment by auto deposit, but you don’t know what to do.

Just one phone call or email to the WaldenPacific Personal Concierge and

your questions will be answered and tasks handled.

With WaldenPacific, buyers may even feel pampered as one attentive

person provides personalized support. Unlike customer service options

at other companies, there are no impersonal and complicated voicemail

At Grand Reserve – it’s just you, the Concierge, the telephone and e-mail,

The Concierge saves buyers time, money, and headaches.

This exclusive service is available at no extra charge.

Escape to Grand Reserve at Kirkman Parke, a place well-known for its elegance,

style and impeccable way of life. Lush landscaping, spacious floor plans and

resort-style amenities come together in one place to give you the lifestyle

• Limited access community with video monitoring

Well-appointed one, two, three and four bedroom condominiums feature unique

and elegant designs. The newly remodeled clubhouse is the perfect place to entertain

• New lighting package in kitchen and dining rooms

• Crown molding in living areas (select homes)

• Garden tubs and double sinks (select homes)

• Pre-wired for cable Tv and up to six separate phone lines

Upgrades/Renovations: Buy in “As-Is”, rent-ready

© 2 006 O RA L REP RES E NTAT IO NS C A NNOT B E RE LI ED UP ON A S C ORR EC TLY S TA TI NG REP RE S ENTAT I ONS OF T HE DE VE LOP ER OR w A LDEN PA C I FIC P ROP ERT Y TR US T. FOR CO RREC T RE PR ES EN-

TAT I ONS , MA K E RE FERE NC E TO THI S B ROC HURE A ND TO T HE DOC UME NTS REQU IR ED B Y S EC TI ON 7 18. 50 3, FLORI DA S TATU TES , TO B E FURNI S HED B Y A DEV E LOP ER T O A B UY ER OR LE SS E E.

Directions: I-4 to Conroy Rd. (exit 78) head west.

Turn right on Kirkman Rd. The community will be

3301 South Kirkman Road • Orlando, FL 32811